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Pope Resources, A Delaware Limited Partnership manages timber resources in the United States. It operates in three segments: Fee Timber, Timberland Management, and Real Estate. The Fee Timber segment is involved in growing, harvesting, and marketing timber from 191,000 timberland acres that it own or manage as tree farms to domestic manufacturers and export brokers. The Timberland Management segment provides management, acquisition, disposition, and consulting services to third-party owners of timberland. This segment also engages in raising investment capital for the funds, as well as acquiring and managing properties on behalf of the funds. The Real Estate segment is involved in securing entitlements and/or infrastructure for the development; selling the entitled property to a party who would construct improvements; negotiating conservation easements; and leasing residential and commercial properties, as well as a commercial office building. This segment operates a portfolio of approximately 2,600 acres in the west Puget Sound region of Washington. Pope Resources sells its logs to lumber mills and other wood fiber processors located in western Washington, western Oregon, and northern California, as well as to export intermediaries located at the ports of Longview, Tacoma, Port Angeles, and Olympia, Washington; and St. Helens and Astoria, Oregon. The company also engages in commercial thinning operations; and leases ground for cellular communication towers, as well as is involved in gravel mine and quarry operations. Pope MGP, Inc. and Pope EGP, Inc. operate as the general partners of Pope Resources, A Delaware Limited Partnership. The company was founded in 1985 and is headquartered in Poulsbo, Washington.

Pope Resources announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. The company reported net income attributable to unit holders of $7.8 million, or $1.80 per ownership unit, on revenue of $26.9 million for the quarter ended March 31, 2015. This compares to net income attributable to unit holders of $12.2 million, or $2.75 per ownership unit, on revenue of $37.8 million for the comparable period in 2014. Cash provided by operations for the quarter ended March 31, 2015 was $9.1 million, compared to $20.2 million for the first quarter of 2014. Income before income taxes was $7.328 million compared to $13.674 million a year ago. Operating income was $8.073 million compared to $14.248 million a year ago.

Pope Resources Announces $4.9 Million Conservation Sale to Trust for Public Land

Mar 31 15

Pope Resources announced a $4.9 million conservation sale to The Trust for Public Land, consisting of a conservation easement covering 3,607 acres in Jefferson County, Washington, of which 215 acres were sold in fee, leaving 3,392 acres remaining under Pope Resources' ownership subject to the easement that precludes development but allows continuing timberland operations.

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